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It depends if you are married then ita only you and your children included. Else your parents. If you are married and want to add parents then you need to pay some extra premium which will be deducted in a Spean of 3 months

It is true. No Indian company mentions insirance deets in the offer letter. 7 lakhs total per family for novartis. You also have the option to pay extra for your parents and increase the cover amount (Voluntary insurance or some such term). You can pay 1400 more to get a top up of 10 lakhs over the original 7 lakhs. This top up is only for yourself and will not include any dependent.

Insurance is for 7 lakhs ( no copay). You can add further as top-up by paying extra.

And this amount is for the employee himself? As in covering parents would require paying premium on my own

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